ESSENDON 3040
State: VICPosiProp AI Investment Summary
ESSENDON (VIC 3040) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.6% and has experienced a 12-month capital growth of Up 6.2%, with a median house buy price of $1,823,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,660,000
$1,590,000
$2,132,500
$1,823,500
Suburb Market Profile
Last month Essendon had 108 properties available for rent and 139 properties for sale. Median property prices over the last year range from $1,823,500 for houses to $539,000 for units. If you are looking for an investment property, consider houses in Essendon rent out for $795 PW with an annual rental yield of 2.6% and units rent for $515 PW with a rental yield of 5.4%. Essendon has seen an annual compound growth rate of 6.2% for houses and -4.6% for units.